The rate of interest for each day shall not be greater than 1/365th of the maximum annual rate of interest charge permitted under chapter 516, F.S.
Rulemaking Authority Florida Statutes § 516.22(1), 516.23(3) FS. Law Implemented 516.031(2) FS. History-New 10-20-73, Formerly 3-2.16, 3D-160.16, Amended 9-1-75, Formerly 3D-160.16, 3D-160.016.